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Peru - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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Peru: Peanut Butter Market Overview 2021

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Peanut Butter Market Size in Peru

In 2020, the Peruvian peanut butter market decreased by -X% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Peanut Butter Production in Peru

In value terms, peanut butter production contracted slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. Peanut butter production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Peanut Butter Exports

Exports from Peru

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, peanut butter exports expanded remarkably to $X in 2020. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Ecuador (X tonnes) was the main destination for peanut butter exports from Peru, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Ecuador amounted to +X%.

In value terms, Ecuador ($X) also remains the key foreign market for peanut butter exports from Peru.

From 2007 to 2020, the average annual growth rate of value to Ecuador totaled +X%.

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2007 to 2020, the rate of growth in terms of prices for Ecuador amounted to +X% per year.

Peanut Butter Imports

Imports into Peru

In 2020, after two years of decline, there was significant growth in purchases abroad of peanut butter and prepared or preserved groundnuts, when their volume increased by X% to X tonnes. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, peanut butter imports reduced slightly to $X in 2020. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tonnes), Argentina (X tonnes) and the U.S. (X tonnes) were the main suppliers of peanut butter imports to Peru, with a combined X% share of total imports. These countries were followed by Colombia and Chile, which together accounted for a further X 2007 to 2020, the biggest increases were in Colombia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and the U.S. ($X) appeared to be the largest peanut butter suppliers to Peru, together accounting for X% of total imports. Colombia and Chile lagged somewhat behind, together comprising a further X the main suppliers, Colombia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peanut butter import price stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the import price saw a mild setback. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
The country with the largest volume of peanut butter consumption was China (974K tonnes), accounting for 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. The third position in this ranking was occupied by India (350K tonnes), with a 6.8% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
China (1.2M tonnes) constituted the country with the largest volume of peanut butter production, comprising approx. 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. India (397K tonnes) ranked third in terms of total production with a 7.6% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Peru?
+
In value terms, Brazil ($958K), Argentina ($766K) and the U.S. ($493K) appeared to be the largest peanut butter suppliers to Peru, together accounting for 91% of total imports. These countries were followed by Colombia and Chile, which together accounted for a further 8.3%.
What are the leading importers of peanut butter and prepared or preserved groundnuts from Peru?
+
In value terms, Ecuador ($451K) remains the key foreign market for peanut butter exports from Peru.
What is the average export price for peanut butter and prepared or preserved groundnuts in Peru?
+
In 2020, the average peanut butter export price amounted to $2,606 per tonne, picking up by 1.5% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Peru?
+
In 2020, the average peanut butter import price amounted to $1,664 per tonne, shrinking by -25.8% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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